Examples of Most Recent Unaudited Balance Sheet in a sentence
The reserve for doubtful accounts reflected on the Most Recent Unaudited Balance Sheet was established in the ordinary course of business consistent with past practice.
The Company has good and marketable title to all of its material assets and properties, including without limitation all those reflected as owned in the Most Recent Unaudited Balance Sheet (except for properties or assets sold, consumed, or otherwise disposed of in the ordinary course of business since the date of the Most Recent Unaudited Balance Sheet), all free and clear of material Liens.
The Most Recent Unaudited Balance Sheet and the unaudited consolidated statements of income, changes in stockholder equity and cash flows included in the Financial Statements have been prepared on a basis consistent with the Company’s audited financial statements for calendar year 2005.
Except as set forth in Schedule 3.16 hereto, none of such Accounts Receivable have been assigned or pledged to any other Person, firm or corporation, and no defense or set-off to any such Accounts Receivable has been asserted or to the Knowledge of the Seller threatened by any obligor, except as reserved on the SES Business Most Recent Unaudited Balance Sheet.
All inventory of the Company, whether or not reflected on the Most Recent Unaudited Balance Sheet, consists of a quality and quantity useable and saleable in the Ordinary Course of Business, except for obsolete items and items of below- standard quality, all of which have been written-off or written-down to net realizable value on the Most Recent Balance Sheet.
The Company has good title to all of its assets and properties, including without limitation all those reflected in the Most Recent Unaudited Balance Sheet (except for properties or assets sold, consumed, or otherwise disposed of in the ordinary course of business since the date of the Most Recent Unaudited Balance Sheet), all free and clear of Liens other than Permitted Liens.
Except as set forth in Section 3.7 of the Disclosure Schedule, since the Most Recent Unaudited Balance Sheet Date, as of the date of this Agreement, (i) there has occurred no event or development which, in the aggregate, has had, or could reasonably be expected to have in the future, a Company Material Adverse Effect and (ii) except for the transactions contemplated by this Agreement, the Company has conducted its business only in the Ordinary Course of Business.
All accounts receivable of the Company reflected on the Most Recent Unaudited Balance Sheet (other than those paid since such date) are, as of the date of this Agreement, valid receivables subject to no setoffs or counterclaims and are current and collectible (within ninety (90) days after the date on which it first became due), net of the applicable reserve for bad debts set forth on the Most Recent Unaudited Balance Sheet.
All accounts receivable of the Company that have arisen since the Most Recent Unaudited Balance Sheet Date are, as of the date of this Agreement, valid receivables subject to no setoffs or counterclaims and are collectible (within ninety (90) days after the date on which it first became due), net of a reserve for bad debts in an amount proportionate to the reserve shown on the Most Recent Unaudited Balance Sheet.
The Company has paid and discharged or made adequate provision on the Most Recent Unaudited Balance Sheet for all material Taxes shown on such Tax Returns.